Britain, the United States and India strengthen all-round cooperation
According to Observer.com, U.S. Treasury Secretary Benson recently stated that India will be one of the first countries to reach an agreement with the United States, and it is expected that an agreement will be reached "within a few days."
The pledge of allegiance that India has presented to the United States is indeed very significant. India is gradually reducing its share of Russian energy imports to make room for American shale gas. At the same time, India is also interested in taking over some of the Boeing passenger aircraft that China has canceled, which solves the urgent needs of the United States.
On May 6, India and the United Kingdom reached a trade agreement aimed at strengthening economic ties between the world's fifth and sixth largest economies. After three years of on-and-off negotiations, the two sides finally signed the agreement, aiming to increase bilateral trade by 25.5 billion pounds per year through free market access and easing trade restrictions. This is undoubtedly a shot in the arm for India at a time when the world economy is facing huge uncertainty due to US tariffs.
If India and Pakistan exchange fire in Kashmir again, it will affect the construction of the China-Pakistan Economic Corridor and my country's foreign trade. It will also affect the security of China's western border. Once my country's energy is tied up in the western border, the Americans may provoke China in the Taiwan Strait or the South China Sea at any time.
At present, the international situation is complex and changeable. Xiang Zhuang dances with a sword, aiming at Pei Gong. The chief shopkeeper reminds foreign trade practitioners that on the one hand, they should trust the determination and wisdom of our senior management and pay attention to changes in the situation. On the other hand, they should actively seek alternative markets outside the United States, while maintaining the agility and flexibility of the business, taking small steps and running fast, and doing a good job of all-round risk control.
Industry Challenges and Opportunities：
1.Low recycling rate: Only 9% of plastics are recycled worldwide (UNEP data), and the EU is proposing legislation requiring packaging to contain 30% recycled materials by 2030.
2.Microplastic regulation: The US EPA has included microplastics in the list of hazardous substances, impacting the cosmetic scrub particle market.
3.ESG investment: Goldman Sachs report shows that global financing for sustainable plastic projects will increase by 65% in 2024.
4.Alternative demand: Glass bottle factories turn to PET alternatives (such as Coca-Cola Brazil switching to 100% RPET Bottles.)
